{"id":27707,"date":"2020-08-25T17:46:18","date_gmt":"2020-08-25T14:46:18","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=27707"},"modified":"2025-08-26T22:42:27","modified_gmt":"2025-08-26T19:42:27","slug":"consensys-acquires-jpmorgans-quorum-blockchain-platform","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/consensys-acquires-jpmorgans-quorum-blockchain-platform\/","title":{"rendered":"ConsenSys acquires JPMorgan&#8217;s Quorum blockchain platform"},"content":{"rendered":"<p>The Ethereum-focused company ConsenSys has acquired the Quorum blockchain platform from JPMorgan Chase, the largest US financial holding by assets.<!--more--><\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p dir=\"ltr\" lang=\"en\">Excited to officially share that ConsenSys has acquired Quorum and will merge the enterprise protocol engineering roadmaps and technology. Check out <a href=\"https:\/\/twitter.com\/annairrera?ref_src=twsrc%5Etfw\">@annairrera<\/a>\u2019s piece in <a href=\"https:\/\/twitter.com\/ReutersBiz?ref_src=twsrc%5Etfw\">@ReutersBiz<\/a> to learn more! <a href=\"https:\/\/twitter.com\/hashtag\/WelcomeQuorum?src=hash&#038;ref_src=twsrc%5Etfw\">#WelcomeQuorum<\/a> <a href=\"https:\/\/t.co\/7FBIdZC1X3\">https:\/\/t.co\/7FBIdZC1X3<\/a> <a href=\"https:\/\/t.co\/V7UjvdYhOL\">pic.twitter.com\/V7UjvdYhOL<\/a><\/p>\n<p>\u2014 ConsenSys (@Consensys) <a href=\"https:\/\/twitter.com\/Consensys\/status\/1298248994515189761?ref_src=twsrc%5Etfw\">August 25, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>As part of the deal, the bank made strategic investments in ConsenSys. The parties did not disclose the financial terms of the relationship, which they intend to continue.<\/p>\n<p>The Quorum team will remain with JPMorgan for the next year, providing a transitional period for the platform. Going forward, the developers will continue work on the bank&#8217;s other blockchain projects, said Umar Faruk, head of the thematic direction at the institution.<\/p>\n<blockquote>\n<p>\u201cWe acquired the Quorum intellectual property, JPMorgan made strategic investments, and there is a commercial agreement to continue supporting the bank in its projects,\u201d said Joseph Lubin, founder and CEO of ConsenSys.<\/p>\n<\/blockquote>\n<p>The company will continue to service the Ethereum-based platform. Built on Quorum is the Interbank Information Network (IIN), a payments system JPMorgan launched in 2017. It has more than 300 banks as clients.<\/p>\n<p>Details about a possible merger of JPMorgan&#8217;s blockchain unit and ConsenSys became known in February this year. In August JPMorgan <a href=\"https:\/\/forklog.com\/en\/news\/jpmorgan-to-lead-50-million-funding-round-for-consensys\">led<\/a> a $50 million funding round for a Brooklyn-based startup.<\/p>\n<p>Subscribe to ForkLog&#8217;s news on <a href=\"https:\/\/twitter.com\/ForkLog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Twitter<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Ethereum-focused company ConsenSys has acquired the Quorum blockchain platform from JPMorgan Chase, the largest US financial holding by assets.<\/p>\n","protected":false},"author":1,"featured_media":26216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[246,229,1875],"class_list":["post-27707","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-consensys","tag-jpmorgan","tag-quorum"],"aioseo_notices":[],"amp_enabled":true,"views":"41","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/27707","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=27707"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/27707\/revisions"}],"predecessor-version":[{"id":27708,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/27707\/revisions\/27708"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/26216"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=27707"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=27707"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=27707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}